InvestorWire NewsRoom


Marijuana Company of America Inc. (MCOA) Achieving Growth Through Acquisitions and Strategic Partnerships
December 16, 2021

Marijuana Company of America Inc. (MCOA) Achieving Growth Through Acquisitions and Strategic Partnerships

  • MCOA just posted its highest quarterly revenue yet in Q3 2021, attributed to the cDistro acquisition, which was completed towards the end of Q2 2021
  • MCOA looks forward to having another record-breaking quarter in Q4, 2021, primarily attributed to additional benefits of the cDistro acquisition, along with strategic partnerships with key players within the legal cannabis and industrial hemp sectors
  • The company continues to forge these partnerships to diversify its product and services line and provide consistent value to its shareholders

Marijuana Company of America (OTC: MCOA) released financial results for the three months ended September 30, 2021 (“Q3 2021”), posting a 731% year-on-year increase from the same period in Q3 2020. Total revenue stood at $442,178 up from $53,195, with gross profit up from $16,025 in Q3 2020 to $63,687, representing a 297% growth over that period (

MCOA has attributed this impressive growth to its new acquisition of cDistro, an enterprise that distributes CBD brans, smoke, and vape shop-related products to specialty retailers, wholesalers, c-stores, and consumers within the North American market ( The acquisition, completed towards the end of Q2 2021, was a tremendous milestone for MCOA. But, more importantly, it positioned the company to take advantage of immediate revenue granted by the opportunity to carve out a significant market share in the specialty distribution space.

With this acquisition, and the steps taken so far regarding expanding the company’s market reach and product line, MCOA is confident that it will have another record-breaking quarter in Q4 2021.

“We are confident that the steps we are taking will enable us to maintain a growing strong position as we drive growth across the entire business and maximize value for our shareholders over the long term. Our expectation is that we should have another record-breaking quarter in Q4 2021, since we will report a full quarter of revenue from our newly acquired cultivation facility in Salinas, California,” noted Jesus Quintero, the Chief Executive Officer (“CEO”) of MCOA.

In addition to acquisitions, MCOA has also tapped into strategic industry partnerships to push its growth. So far, it has operations in North America and Latin America, primarily through partnerships with enterprises such as Cannabis Global Inc. (OTC: CBGL), Eco Innovation Group Inc. (OTC: ECOX) and Natural Plant Extract. CBGL currently markets and produces innovative cannabis storage, transport, and tracking solutions and is also the company behind the Hemp You Can Feel(TM) brand. ECOX, on the other hand, has cutting-edge extraction technology that utilizes a proprietary formulation to extract bioactive compounds from cannabidiol, which is then combined with plant-based materials to create a fluid and cost-effective outcome. Natural Plant Extract operates a licensed cannabis manufacturing and distribution business in Lynwood, California.

MCOA remains committed to expanding into new regions around the world. Its goal is to utilize its resources and its strategic partners’ success to continue growing its product and services line. Ultimately, this will provide consistent value to shareholders while also sealing its position as the leader in the legal cannabis and industrial hemp sectors.

For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).